Fed Leaves Interest Rate Unchanged

The Federal Reserve unanimously decided this afternoon to leave a key interest rate unchanged despite renewed and deep fears about the health of the American financial system. Since the central bankers last voted on interest rates in August, financial markets have deteriorated further and just yesterday the stock market had its worst single-day performance since the Sept. 11, 2001 terrorist attacks. The Fed acknowledged all those concerns in its statement but still decided at this regularly...Full Story
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